Diebold Nixdorf CEO Steps Down, Effective Immediately

Diebold Nixdorf announced news on Wednesday (Dec. 13) that Andreas “Andy” W. Mattes is resigning as president and chief executive officer (CEO).

In a press release, the company said Christopher A. Chapman, chief financial officer, and Jürgen Wunram, SVP and chief operating officer, will serve as co-CEOs until a replacement is found. The company didn’t say why Mattes is leaving the company but did note that the board of directors has created a search committee and retained the executive search firm Heidrick & Struggles to immediately begin the process to find a highly qualified CEO.“Over the past several years, the company has achieved a great deal, including the acquisition of Wincor Nixdorf AG, which created an industry leader with increased global scale and market diversity. We have made great strides in our integration through the launch of the DN 2020 transformation program and capturing substantial synergies, with more on the way. We now look forward to a bright future as a unified company. We thank Andy for his vision and leadership, including overseeing the transaction and integration, and for bringing us to this point in our history,” said Henry D.G. Wallace, current chairman of the board.

The new chairman of the board (effective Jan. 1), Gary G. Greenfield, said now was the optimal time to make a leadership change. “Given the significant changes taking place in our industry, now is the time for Diebold Nixdorf to leverage the full strength of the organization and enhance its focus on the new era of global connected commerce. I look forward to helping the board conduct a rigorous review of a diverse set of CEO candidates, so we can bring the expertise and knowledge necessary to lead Diebold Nixdorf into its next phase of growth.”

The company reiterated its full year 2017 guidance for a revenue of $4.6 billion, adjusted EBITDA of $370 million to $380 million and a non-GAAP EPS range of $1.05 to $1.15.